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Film and TV Deliver $230 Million Profits as Sony Earnings Surge By 53%

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04.08.2020 - 09:29

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Patrick Frater Asia Bureau ChiefThe Pictures Division of Japanese entertainment and tech giant Sony achieved operating profits of $230 million in the April to June quarter.The wider corporation enjoyed a 53% increase in net income, hitting $2.19 billion (JPY233 billion) in the first quarter of its new financial year.

Group revenues were up by 2% in local currency terms to JPY1.97 trillion.The first quarter of the financial year, running from April to June, is historically the weakest for the Pictures Division, which spans motion pictures, TV networks and TV content.

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